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Thursday, May 31, 2012

Mubarak's two sons Charged with insider Trading



Cairo (CNN) -- Former Egyptian president Hosni Mubarak's two sons were charged with insider trading Wednesday, just days before a verdict is expected on a separate trial involving them and their father.

Gamal and Alaa Mubarak are accused of profiting 2 billion Egyptian pounds -- about $331 million -- through insider trading in the Egyptian stock market, said Adel Saeed, spokesman for the general prosecutor's office.

Their case was referred to the Cairo Criminal Court.

Their attorney declared their innocence and called the timing "suspicious." Read More